12 Million GPS Tracking Software in Vehicle by 2018
Update Time:2017-12-21 18:05    Go Alibaba Store

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By the fourth quarter of 2017, there were 10 million gps tracking software in commercial vehicle fleets.  That number is expected to grow at a compound annual growth rate of 18.3 percent, putting 12 million systems in fleet vehicles come 2018.  In China, the number of systems will increase from 1.9 million to 3.9 million during the same period at a CAGR of 16.1 percent.


Despite a plethora of fleet management companies, there is still a surplus of untapped market potential given the number of fleet vehicles on the road operating without any type of fleet tracking system. However, the industry may began to see more consolidation. 


September, Little Gold completed its acquisition of Tuqiang, a top Shenzhen fleet management company. Senior Analyst at Berg Insight, Rickard Andersson, says the company anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions.


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